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Saturday, August 01, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "deposits" (4 articles)

Dukhan Bank expanded its asset base to a record QR129.2bn as of June 2026, reflecting a 4.4% increase from December 31, 2025.
Business

Dukhan Bank reports QR812.8mn net profit in H1

Dukhan Bank has reported a net profit of QR812.8mn in the first half of 2026, climbing 0.2% compared to H1 2025. Earnings per share remained at QR0.149, while total deposits stood at QR94.0bn, reflecting a 7.0% increase compared to 2025. Total equity reached QR15.6bn, up 2.5% against 2025. Net operating income registered a 10.4% growth amounting to QR1,006mn. The bank achieved a robust CAR of 18.6%, well above the minimum statutory limits. Total deposit base remained at historic levels, underscoring customers’ confidence and the strength of the bank’s value chain.Dukhan Bank expanded its asset base to a record QR129.2bn as of June 2026, reflecting a 4.4% increase from December 31, 2025. Financing assets stood at QR94.7bn, representing 73% of total assets, complemented by investment securities of QR26.0bn, which accounted for 20% of total assets. Despite the challenging geopolitical situation, Dukhan Bank delivered solid financial results in the first half of 2026, underscoring the successful execution of its strategic initiatives and building on previously established momentum. Net profit edged up by 0.2%, supported by a robust 7.4% increase in net banking income.The uplift in net banking income reflects its continued emphasis on revenue diversification and the strengthening of non-interest income streams. Prudent management of funding costs, even in difficult external conditions, provided additional support.Operational efficiency remained a core strategic priority, with ongoing optimisation initiatives further enhancing profitability. During the period, the bank’s loan book reached a new high at QR94.7bn, up 5.2% from year‑end 2025. This expansion is consistent with the bank’s strategic objective of steadily strengthening its market presence while maintaining disciplined and efficient capital deployment. The bank’s strong credit risk discipline and proactive portfolio management were reflected in the non‑performing loan (NPL) ratio, which declined to a record low of 3.9% as of June 2026 (December 2025: 4.2%). In parallel, the Stage 3 coverage ratio remained robust at 76.2% (December 2025: 75.7%), underscoring the Group’s prudent approach to credit provisioning and effective risk mitigation. Dukhan Bank continued to strengthen and diversify its funding base by leveraging long‑standing client relationships and maintaining a balanced maturity profile. The developments supported a solid liquidity position, with the regulatory loan‑to‑deposit ratio improving to 95.6% (December 2025: 98.1%). Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the period.

Gulf Times
Business

QCB reduces interest rates by 0.25%

Qatar Central Bank (QCB) has decided to reduce the current interest rates for deposits, lending and repo by 0.25% or 25 basis points (bps).The new rates will take effect on December 11, QCB announced last night.Qatar Central Bank’s deposit rate (QCBDR) will now be 3.85%, lending rate (QCBLR) 4.35% and repo rate (QCBRR) 4.10%.In a statement, QCB said the rate cut followed its “assessment of the current monetary policy of the State of Qatar

Gulf Times
Business

Assets of GCC Commercial Banks Reach USD 3.5 Trillion in 2024

The GCC Statistical Center revealed in a report on Monday that the total assets of commercial banks in the Gulf Cooperation Council (GCC) countries increased by 10 percent in 2024, reaching approximately USD 3.5 trillion, compared to 2023.The report mentioned that the total deposits in these banks amounted to about USD 2.1 trillion in 2024, showing a 9.6 percent increase compared to 2023.The report also highlighted the rise in total loans provided by the banks, reaching nearly USD 2.1 trillion in 2024, an increase of 9.9 percent over 2023, with the private sector accounting for about 80.7 percent of the total loans.The statistics from the GCC Statistical Center showed a decline in the non-performing loan ratios across the GCC countries during the period from 2020 to 2024, with a noticeable variation in the loan-to-deposit ratios, ranging between 66 percent and 125 percent.Regarding capital adequacy, the GCC countries maintained high levels, surpassing the minimum threshold set by the Basel III Committee of 8 percent, with ratios ranging between 17.8 percent and 32 percent in 2024.On the financial performance front, commercial banks in the GCC countries witnessed significant growth in their net profits over the past four years, surpassing pre-COVID-19 levels.

An increase in the country's bank assets, deposits, and credit indicates a growing banking sector, which clearly suggests an expansion of the money supply and increased economic activity.
Business

Qatari banks’ assets scale up 6.5% to QR2.12tn in July

The total assets of commercial banks in Qatar scaled up 6.5% to QR2.12tn in July this year compared to the same period in 2024, according to latest data issued by the Qatar Central Bank (QCB).Total domestic deposits with local banks rose 2.3% to QR852.3bn in July compared to the same period last year. Total credit disbursed by the local banks totalled QR1.34tn in July, up 5.5% on the same period in 2024. Broad money supply (M2) increased by 1.7% to QR739.5bn in July, compared to the same period in 2024, the QCB noted. M2 is an estimate of liquid assets, including cash on hand, money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as money market funds and certificates of deposit.An increase in the country's bank assets, deposits, and credit indicates a growing banking sector, which clearly suggests an expansion of the money supply and increased economic activity. A healthy banking sector with growing assets and credit improve access to capital for businesses and households, facilitating their growth and development.